Rent Escalator
Provision in a lease agreement allowing the landlord to raise the rental to take into account inflation, higher upkeep costs, and higher interest rates. An index may be used such as the Consumer Price Index. The occupancy ratio may be another factor in setting rentals.
Popular Real Estate Terms
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Individual renting a residential or office unit. ...
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What a piece of property could be sold for on the market. ...
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Exterior wall not supporting a load, mostly found in office buildings. ...
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Insulating material attached to crevices around doors and windows to prevent air from either entering or escaping from a structure. Tacked, stapled, or glued onto the surfaces of the doors ...
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